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Business, 29.03.2021 16:30 keke1871

McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 6% coupon paid semiannually (3% each 6 months), and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the p bonds pay a 6% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? Select the correct answer. a. $1,001.31 b. $996.90 c. $1,005.72 d. $992.49 e. $1,010.13

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McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 6% coupon paid semiannu...
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